USDC

Confident_Ground_775

Not true. When you convert BTC into USDC it is a taxable event.

Candid_Sorbet_4605

I sent it to the deposit address. I meant to send $50 worth of USDC to the ERC-20 address, but I sent 50 ETH. It was before my first cup of coffee. Lesson learned.

sylsau

**You can fork a blockchain. You can’t fork the dollars backing its stablecoins.** **That’s the tension behind USDT and USDC moving closer to Bitcoin.** Imagine a future split. Tether and Circle recognize one branch. Your node can choose the other. But what happens if your loans, customers, and payment systems depend on the dollars that stayed behind? Neither company can rewrite Bitcoin’s rules. Their decisions could still change the cost of defending yours. More liquidity. More utility. More dependence. Bitcoin’s next fork war could test something deeper than software: **How much freedom do you retain when choosing your preferred chain could disrupt your finances?**

faisal_yk26

The interesting part is it's tokenized deposits, not stablecoins. Banks get on-chain settlement but the money stays a regular bank deposit, inside the regulated system. That's the banking industry's answer to USDC.

outoftownMD

All season will be incredibly diluted and minimal again except for the solid projects. Things like pump, fun diluted liquidity, and all those people who rug pull through those all coins will trade back into Ethereum, BTC, USDC or USDT. I have a lot of SUI

PuzzleheadedHuman

At a few hundred dollars of SOL/USDC you can mostly ignore price impact. The biggest SOL/USDC pool on Solana holds about $27M of liquidity and did roughly $156M of volume in the last day, so your trade barely moves it. What changes from day to day is the fee side: the priority fee your wallet sets based on congestion, plus any fee the app adds for the swap itself. (Disclosure: I work at DexPaprika, which indexes these pools, so I stare at this stuff daily.) To read the real cost on an explorer, skip the fee field for a moment. Divide the USDC you received by the SOL you sent; that is your effective price. Compare it to the SOL/USDC price for that same minute on any 1-minute chart. The gap between the two is your swap cost as a percentage, including any app fee baked into the route. The network and priority fee sit on top of that, paid in SOL. If your app charges its own swap fee, at your size that is usually the biggest line, bigger than anything the network charges. That percentage is the number worth checking.

MakCapital

OP said Solana. Base fees are static. There's no congestion but this wouldn't change anything. All comes down to tips or if OP is using a different exchange with each swap. To OP or the AI agent: Use Jupiter and set your own tips if the few extra cents is concerning. Don't swap in wallets. Pretty sure you're looking at only 20 cents per 1k USDC swaps with SOL on Jupiter and as low as sub penny gas or cents with not crazy tipping.

Guilty-Secretary-362

you pretty much got it, congestion is the main thing. i leave the fee on auto most times unless the network is really cooked, then i bump it up a bit on explorer the actual cost is the transaction fee + any protocol fees, sometimes split across a few lines so its not super obvious. i mostly just look at how much SOL left my wallet vs what i got in USDC

New_Watercress_4587

I don’t think that’s the main problem. With traditional financial systems there’s KYC and other ways to revert or prevent scams. BTC transactions are irreversible. I’m sure stablecoins like USDC could be better because they control the smart contracts. Obviously some people prefer defi while others like cefi.

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Post is by: P_thedon and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1woa6jx/binance/ Junta-te a mim e ganha também! Regista-te e conclui tarefas, vamos ganhar recompensas em USDC juntos! https://www.binance.com/referral/earn-together/refer2earn-usdc/claim?hl=pt-PT&ref=GRO\_28502\_1Z6S5&utm\_medium=app\_share\_link\_reddit&utm\_source=referral\_entrance *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

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Post is by: Adventurous_Whole973 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1wo9x5m/built_this_for_people_to_buy_us_stocks_from/ I built bloom because there was no EASY way to go from stablecoins or crypto to US equities without leaving on chain. with Bloom if you're outside USA, you buy tokenized US stocks and ETFs using USDT, USDC, BTC, ETH, etcc whatever you have in your wallet. Every stock is backed by real shares at a regulated US broker and settles on chain to your own wallet. I'm at the moment focused on now is the research layer, each stock page has live news, key stats, financials and filterable headlines and I know there's more to build and I want to hear what actually matters to people before I pick the next thing to improve. try it and tell me what I can do better. here's the platform link [trybloom.xyz](http://trybloom.xyz) Happy to answer questions !! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

ananddoyen

Hi everyone, Anand here. I don't usually post asks like this, but I'm in a short-term cash crunch and could use this community's help. Several client payments to my company are delayed, and some unexpected costs hit at the same time. I need CAD 19,580 to cover payroll (overdue Aug 30), cloud infrastructure (Oct 7), and office rent and contractors (Oct 15). It's a bridge until those payments and new contracts come through. USDT or USDC: 0x596b5da5297dbf0cc9efc780b3cc9af0c0794c80 Low-fee networks: BNB Smart Chain, Polygon, Base, or Arbitrum. (Ethereum also works, but fees are high.) Any amount helps, and so does a share. I'll post updates here as each bill is paid. Thank you.

ananddoyen

Hi everyone, Anand here. I don't usually post asks like this, but I'm in a short-term cash crunch and could use this community's help. Several client payments to my company are delayed, and some unexpected costs hit at the same time. I need CAD 19,580 to cover payroll (overdue Aug 30), cloud infrastructure (Oct 7), and office rent and contractors (Oct 15). It's a bridge until those payments and new contracts come through. USDT or USDC: 0x596b5da5297dbf0cc9efc780b3cc9af0c0794c80 Low-fee networks: BNB Smart Chain, Polygon, Base, or Arbitrum. (Ethereum also works, but fees are high.) Any amount helps, and so does a share. I'll post updates here as each bill is paid. Thank you.

DiamondHandsDarrell

I have it and coin base one I earn 4%b back on the first 10k, the unlimited 2% after 10k. Since I've had it (I think almost a year now) I have .05245 BTC earned. Not bad, that's about $4,081 with $473 (11.6%) Then on top of that, I'm holding some cash in USDC which currently pays 3.75% of which I get paid in BTC. That's about $3,500 so far. The biggest trick is to pay it off monthly. And then for me, I make my biggest quarterly expenses with it so even though there's 2% fee to pay with it, getting back $200 in BTC makes it worth it

Worldly-Elk-9394

Brothers i need eth for gas 🥶👌 (bought USDC and forgot about gas)

DarthBen_in_Chicago

Use USDC for your payments. Your cost basis is always $1 (except when it’ll break a buck). Lots of reporting but really easy.

Supachenko82

The safest, no brainer move for beginners. Buy as much USDC as you can afford on Coinbase. Lend all of it in the high yield Vault, that has approximately 7.3% APY. Then just kick back and earn passive income. Why this works: USDC is a stable coin, so no matter how bullish or bearish the market gets, it won't decrease the value of your USDC. It's a stablecoin, with a fixed value of $1.00 United States Dollar. Easy, low risk, passive income, my friend. 😎🤓🧠🤑

Bluejumprabbit

Apple and Google aren't going to mint their own coins, they want stablecoin rails inside Apple Pay and Google Wallet so they skip card interchange fees. The GENIUS Act made issuing a regulated stablecoin a licensing headache, so plugging into USDC or PYUSD is the obvious move for them.

srameshr

You know i saw it at 16K USD when USDC was being depegged to 0.86$ after the Terra fiasco and everyone around me were swapping USDC to Bitcoin and stupid me swapped USDC to USDT at 15 cents loss per coin.

Right-Fault2799

You could buy ETH first and then swap it for USDT or USDC once you have it in a compatible wallet That may be easier than trying to buy USDT directly with PayPal

anon1971wtf

Especially, keeping in mind that most listing mix open blockchains, stablecoins and thousands of private money into one big lists, causing nothing, but confusion which is what. Bitcoin and USDC and BNB/XRP are three different things, completely different

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Post is by: Parking-Help-7348 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1wl1s47/bitcoinset2_is_a_scam_beware/ [**bitcoinset2.com**](http://bitcoinset2.com) **is a crypto scam.** I lost **$5,586 USDC** after being recruited through their WhatsApp investment group. They used **fake coins controlled by them, such as XPM**, to display manipulated trades and profits and encourage further deposits. They initially allowed a small $85 withdrawal to gain my trust. When I later tried to withdraw **$4,070**, they refused and delayed it. Eventually they marked the withdrawal as approved and removed the funds from my account, but **never sent the money**. Their representatives then stopped responding and blocked me. **Do not trust these people or give them a single penny.** I have reported the scam to both the **police and the FBI** and hope others can avoid losing their money to the same operation. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

SpontaneousDream

Hyperlend. If you prefer to do it on Hypercore, you can supply HYPE, borrow USDC at 5% and then use that to short ETH on perps. I wouldn't go that route though

PointDexter6508

USDC still might be the better option

PointDexter6508

Depends on the region. In the EU region USDC is the clear choice.

DD4LIFE8

I use a combo of Coinbase and KCEX. Coinbase to deposit or withdraw the money to my bank account and for Coinbase to track taxes. I buy USDC on CB which is free, transfer it to KCEX which is free, sell it for USDT on KCEX for free. Buy what I want on KCEX for free (spot) and KCEX has free transfer fees as well. I do the reverse when I want to sell which is also all free. So send your BTC to KCEX. Sell it for USDT, buy USDC and send it to Coinbase. Sell the USDC and withdraw it to your bank account. It’s all free besides whatever fees you may be charged to transfer the BTC from your wallet.

No_Fuel4693

You're right, but it doesn't work in practise like that until the price remains largely stable compared to other currencies - which it never will IMO. Think of it like this. I'm a US seller of goods. My customer is in AUS. The transaction is for $100USD. How much is that in BTC? Well it depends on timing right? So I can say, 'send me $100USD in BTC', but the customer then needs to find an exchange rate for that from one of many exchanges, get a BTC value, then buy that BTC in local currency $AUD, then transfer it. There are a lot of variables in the time that that happens. Prices in both currencies fluctuate and I as the seller, have to rely on my customers interpretation of what $100USD of BTC actually is. Sure we would have saved transaction and exchange fees etc but its still not a clean exchange. It works but it's not perfect. I think this is where stable coins have value. Customer can quickly buy and send $100USDC for minimal fees and when I'm ready I can exchange that out for fiat or BTC as needed. They wear the exchange rate on their end ($Aud > USDC) and i wear it on the other end (USDC to BTC/USD).

Eastern_Primary_4446

🚨 CryptoLookout — BTC/USDC • Coinbase Unusual volume Current price: 81249.83 • Volume: 12066.037974 • Target volume: 5000.00 The useful condition being monitored is now true. Reminder: every 1h while the condition remains true

Darrylsh

I've done P2P on Binance and with a bit of shopping around thought I got excellent rates. However, I only exchange for USDT or USDC and then use that to buy what I want on the exchange.

lynchrw

iska is relative. For every USDC the is one US dollar behind it which is audited. After the last short squeeze when BTC had that big runup ithe leveled out . then there was the upcoming cloture vote and pending FOMC intewar rate action. so I played it safe for a few weeks convert a majority of my crypto holdings to usdc and then they the usdc and earned a family steady 6.9%, which ain't bad really, while BTC was meandering around. So right after the cloture vote and the FOMC meeting I convert from USDC back to Crypto in a certain plan Ed distribution(BTC , ETH and SOL). Plus I keep between 15 and 20% of My overall holdings in USDC and that USDC I still lend and and earn interest on. just a strategy that seems to work to help mitigate downside risk. the bottom line for me ustc is a great place to be somewhat safe probably safe as you can earn a steady good interest rate as opposed to a bank which is less than 2% or money market which is also terrible interest rates and not even insured in some cases. oh one more thing I do with USDC or my rationale behind it. as the portfolio grows I'm maintaining that 15 to 20% in there from gains or new money to help ensure I have money to pay any taxes later the year

CoinRabbitFinance

Hey! Ask the contractors which token and network they can actually receive and cash out. Supporting “USDT” on both sides isn’t enough if the supported networks don’t match. For a recurring payout, compare what reaches their bank after the transfer fee, conversion spread and withdrawal fee. A small test payment will tell you more than comparing the tickers alone. You may end up using USDT for some contractors and USDC for others. There’s no operational need to standardize on one if it makes getting paid harder for the recipient.

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Post is by: Flat_Cost_1766 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1wjvweg/usdtusdc_swaps_need_advice/ I get paid in USDT from a freelancing gig, but every now and then I need USDC instead. Shadeform is one example since that’s what they accept for stablecoin payments. I usually use an exchange when I need to swap, but after doing this for a few months, I got tired of sending money there and then withdrawing it again just to switch between stablecoins, especially since it’s a recurring expense for me. Any workarounds? I mainly care about decent rates without adding too many extra steps. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

dende93

Can I do +10,000$ trades there? Can I pay or get paid in USDT, USDC etc. on any network I want?

quintavious_danilo

Thanks, not really interested in stock cashback though. Best I found so far is still ether.fi with 3% and MiniPay with 5% in USDC.

Bluejumprabbit

Almost all of that money is Treasury yield on USDC reserves, so the whole model lives or dies on where the Fed sits. With rates just moved and USDC supply near $74B, a couple cuts next year takes a real bite out of that number, and thats exactly why they're pushing into payments and Arc.

lynchrw

I am thinking there has to be a slow introduction and acceptance. One sign of progress would be if say Amazon decided to take some from of crypto as payment, e.g. USDC.

on_hype

USDC has audited reserves monthly, USDT does not. For business payments where you want regulatory clarity and lower counterparty risk, USDC is the straightforward choice. In practice the peg behaves the same 99% of the time, but USDC gives you a cleaner paper trail.

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Post is by: fr4ntic-rye and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1wio1xh/usdt_vs_usdc_for_business_payments/ Paying contractors in crypto and I'm torn between USDT and USDC. Is there any real difference for payouts in practice? I know that the platform i use (inxy) supports both, but what’s the difference and what do you use? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Martymations

Unpopular Opinion- We can use USDC/USDT as currency but not BTC

BigDipper0720

USDC is the answer. My understanding is that doesn't require the Clarity act.

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Post is by: Artistic_Quit2878 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1whasat/a_virtual_fruit_fly_brain_was_linked_to_coinbase/ The project is called Stonkfly. A neural simulation of a fruit fly brain makes trades on Coinbase after receiving real-time BTC/USDC price data straight into its visual receptors. The program produces artificial dopamine when a trade closes in profit. Negative experience neurons fire when it loses. The fly responds to green and red candles but without the human factor. Compared to most traders, the risk management regulations are stricter. $10 is the maximum position size. No shorts, no leverage. Trading immediately ends if it drops $20 from the initial $100. It is practically impossible to take 100x leverage on futures in an attempt to recover losses, average down on losing bets, or go all in on emotion. This simulation is outperforming the decision-making of a significant portion of crypto Twitter. The fly is currently live-streaming its trades, and a memecoin has already been launched in its honour. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

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Post is by: Impossible_Poet4901 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1wh6fwf/join/ Join me and get yours! Sign up and complete tasks, let's earn USDC rewards together! https://www.binance.com/referral/earn-together/refer2earn-usdc/claim?hl=en&ref=GRO\_28502\_IAE4P&utm\_medium=app\_share\_link\_whatsapp&utm\_source=referral\_entrance *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

DiamondHandsDarrell

I just want my % back in BTC on USDC held on coinbase that beats inflation 😭

Getmeluck

Hi im planning to trade to support my tuition send donation thankyou  USDC: Gt32aCnrTDXxmaMwLatmrnSNb1d1rBM3tSdAHEd4arn4

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Post is by: theunsecretman and the url/text [ ](https://goo.gl/GP6ppk)is: /r/web3/comments/1v8pyy4/i_used_http_402_to_launch_a_token_on_base_and/ Disclosure up front: I built this. Not dropping a contract address, price, or “buy” anything — that’s not the point and it’s against the spirit of the sub. I want feedback on the pattern. Background for anyone who hasn’t seen it: HTTP status 402 “Payment Required” has been reserved-but-unused since the 90s. x402 is the open protocol that turns it into an actual payment — server returns 402, client pays USDC, the request settles onchain on Base in one round-trip. Paying is the request. What I did: • Launched a B20-standard token by making a real x402 call to an endpoint. The payment settled on Base and the response minted the token. I did it live through an agent on X, so the entire genesis is a public, timestamped thread — you can fork the code, not the thread. • Then I made the token itself an HTTP primitive. There’s an endpoint you can hit that reads your wallet and answers with your holder “tier” as a literal HTTP status code (200 OK if you hold, 301, 418 teapot for whales, 402 if you hold nothing). It’s curl-able. The first N callers each get a permanent “request number” — basically a 90s visitor counter, but onchain-verified and impossible to reassign. Why I think it’s interesting past the meme: it collapses auth and payment into the same HTTP request. Paying IS the login. That’s the whole x402 thesis and I wanted to push it to an extreme and see what breaks. Happy to get into the mechanics in the comments — x402 gotchas, why B20 over a vanilla ERC-20, how the endpoint verifies the payer, whatever. Roast it. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

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Post is by: Hot_Arm3894 and the url/text [ ](https://goo.gl/GP6ppk)is: https://www.tradingview.com/x/zwhcBewU/ Hi guys, After studying how institutional money completely changed market dynamics post-ETFs, we realized traditional retail indicators cause way too many fakeouts. So, we spent the last few weeks coding a TradingView Pine Script. Instead of just looking at standard price charts, the script aggregates 5 specific inter-market metrics in real-time to find a clean mathematical convergence before calling a macro bottom: 1. **Macro Trend**: Price relative to the 50-Week Moving Average (50 WMA); 2. **BTC Dominance**: Tracking if Bitcoin is actively draining market liquidity (BTC.D > 10 SMA); 3. **Binance Volume Spike**: Monitoring institutional spot buying volume crossing above the 20-day average; 4. **Retail Sentiment**: Monitoring an RSI basket of 5 major altcoins against BTC to spot retail panic-selling; 5. **Stablecoin Inflow**: Tracking the aggregate market cap expansion of USDT + USDC against their 20 SMA to detect institutional dry powder moving onto exchanges. The script is engineered for extreme selectivity. The signal (Orange Triangle) triggers ONLY when all 5 conditions hit a perfect 5/5 convergence. In the last 5 years of market history, it has triggered only 4 times. However, the real daily value of the dashboard for a trader is data consolidation. Instead of wasting time opening 5 different charts every single day to check stablecoin caps, volumes, dominance, and retail RSI, you have everything aggregated in one single, clean on-screen table. Right now, we are currently at 2/5 convergence (NO SIGNAL). Dominance is flat, volume is average, and retail hasn't capitulated yet. **\*\*\*UPDATE**: We've just opened a public live data feed where we track how these parameters evolve day-by-day so anyone can check the layout in real-time. Since Reddit filters direct links, we've listed the access point directly on my Reddit profile bio for those who want to monitor it. No strings attached — just looking to see how it performs for you. We’d really love to get the community's perspective on this technical setup: \- Do you think aggregating these 5 specific metrics into a single dashboard is an efficient way to save time and track the macro buildup? \- Is the on-screen table layout clean and readable enough for quick daily checks? \- What other macro or on-chain metric would you consolidate into this stack? **Thanks in advance for your insights!** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Awkward_Potential_

I have a Coinbase debit card and use USDC on it. It pays me 4.5% on what's basically a checking account. Does your checking account pay you interest?

Cautious-Lecture-858

Nope, it doesn’t. Since you won’t be able to earn a yield by just holding say USDC. It also institutionalizes the crypto market, so big players can go in and control it.

AggravatingGuest1956

1000-1250R a month in Nubank R Bond. It’s what 14% APR rn? The rest into BTC. You can also divide that up and convert the R to USDC and stake for 3.4%? APR if you want exposure to USD. Nubank IIRC also gives you Exposure to EWZ and VOO if you want to go along those lines. My wife is Brazilian and we put away 500-750R a month into the Real (Reis?) Bond.

KrunchyKushKing

Tokens which aren't widely known like USDC don't get shown in your metamask. I'm unsure if the balance can be disabled in the settings check it out if you can. Or yeah just disable OP if you'll never use it

KrunchyKushKing

Sent you a scam token which on a DEX has a high MC but low capital. F.e. if I put in 0.0000000001 r/CC-tokens tokens with 1 USDC then technically 1 r/cc-tokens is worth 10000000000 USDC. But since the Liquidity isn't there the trade will never go through or even worse it is a malicious token with a tax on it f.e. if you swap it drains your entire wallet and gives you nothing in return.

AnthonyBTC

If we're specifically talking about selling the USDT, it's infinitely cheaper to swap the USDT to USDC on Bungee Exchange, which costs basically nothing, and then deposit it into Kraken Pro or NDAX for the 0.20% fee. The Shakepay auto-swap is cool, but you lose so much money doing that over doing something that takes maybe 2 minutes to do yourself by swapping on Bungee.

AnthonyBTC

USDT is the only restricted asset in Ontario and Canada as a whole. You cannot buy it here. They would need to buy USDC and trade it to USDT on a DEX.

Informal-Somewhere11

unfortunately they wont event let me withdrawl crypto,just USD, so my USDC is stuck and getting rewards. They are telling me to convert it but have locked all features.

bemyantimatter

It’s been a weird day. My Coinbase debit card is also declined at the grocery store and target. I called Coinbase so that I could use the debit card which is USDC and they say that the whole account is locked up until the 72 hour verification related to the BTC transfer is complete. Once again, the BTC transfer was $100 transfer from Coinbase to a hardware wallet that is in my possession. I don’t see why that should affect my debit card at all.

CoinRabbitFinance

Hey! The responses here make stablecoins look more like a savings and transfer layer than everyday spending money. Holding USDT or USDC solves the immediate problem of getting dollar exposure, while actual spending still depends on local merchants and off-ramps. At CoinRabbit, we see holding and moving stablecoins as a use case in itself, not simply a temporary step before trading. Better local rails such as PIX make conversion easier, but they do not necessarily turn stablecoins into a checkout currency.

No_Accident8684

subscribers of his substack got airdropped a couple.. i am a free tier subscriber and got airdropped 784 $LAPTOP. i cant complain. was a little late but still cashed out 1.5k USDC. nice free money

DiamondHandsDarrell

Yes 100%. Not financial advice: I feel DCA is the way to go. There are people documenting and sharing this on reddit that has proven it's the best long term strategy for most. Lump sum can work great or burn you depending on how the market swings. I've read about exchanges from the start, so you can imagine my skepticism to use any that aren't established. That being said, I was suggested to use Coinbase and I've been with them for about a decade now. Sure I've had issues, but they're relatively minor (have to re-upload ID and other small things) but never make issues. I've moved crazy amounts of money (for me) and never had an issue. I've read a lot of complaints about them, but they haven't failed me once. I also have their black Amex credit card and get 4% BTC back on the first $10k monthly spend, after that I get 2% BTC back unlimited. And being a coinbase one member, I get I think 3.5% back in USDC or BTC for holding USDC which pays for the monthly fee. And they also give you discounts for being a member to tax management and filing applications. This is the most useful part!

LowerStranger9021

Interesting read. Bitcoin however is losing its position as the crypto used to transfer money across borders. Stablecoins like USDC and USDT are quickly taking on that roll. What will be useful to watch is whether Bitcoin continues to be held by individuals in countries where fiat currency is losing significant value or if they adopt stablecoins instead. As I understand it, individuals aren’t using Bitcoin as a speculative asset. They are using it to get a U.S. dollar denominated asset to transact with. USDT and USDC fill that need without the added price volatility.

tetsu2323

What sort of transfers take a week? USDC from Arb are almost instant

--Quartz--

That's because you don't live in a country where buying USD is regulated, and not easily accessible for people whose income is informal. Buying those USD also can't provide yield since they are not able to justify where they came from, so they just sit there losing to the US inflation. Crypto allows buying/selling USDT/USDC with no restrictions, at a fair price, while receiving yield from platforms, and holding outside the government's reach.

Kimboslav

Only one I tried is [ether.fi](https://www.ether.fi/@c5d13ee4) (link is affiliate, use it for small bonus). It is crypto neobank and restaking platform. Has cashback card for EUR and USD users - 3% cashback on first 800 EUR and than 1%. I use it also for staking. **Affiliate tiers:** • **Tier 1** — starting tier → $10 new member bonus → $15 high-spender bonus → 0.1% cashback on referral spending → 20% physical card commission → 50% card fee commission → 5% liquid yield revshare → 5% staked yield revshare • **Tier 2** — 50+ lifetime referrals + 10+ in the last 90 days → $15 new member bonus → $20 high-spender bonus → 0.2% cashback → 20% 2nd-degree revshare → 7.5% liquid/staked yield revshare • **Tier 3** — 100+ lifetime + 20+ in 90 days → $20 new member bonus → $25 high-spender bonus → 0.25% cashback → 20% 2nd-degree revshare → 10% liquid/staked yield revshare • **Tier 4** — 500+ lifetime + 50+ in 90 days → $20 new member bonus → $25 high-spender bonus → 0.3% cashback → 20% 2nd-degree revshare → 25% physical card commission → 12.5% liquid/staked yield revshare A referral becomes qualifying after signing up through your link, activating the Cash Card and spending at least **$100** in eligible purchases. Rewards are paid in **USDC on the 15th of the following month** and there is no expiration on qualifying referrals. So for anyone with an audience/community, this is potentially much more interesting than a traditional one-time referral bonus.

Temporary-Cause730

Crypto investor in Brazil, I use USDT/USDC when I take profits, and send it to a crypto credit card to spend. I also use stables to send/receive money from friends that live abroad. Apart from that, I don't spend crypto, just hold. I have many friends that use stablecoins as a form of exposure to USD, even though the BRL to USD has been declining in the last 2 years. They want to park some of their savings in dollars, so they buy stablecoins using Pix and just leave it there.

MyNameIzJeff69

Best option is to buy USDC on paytrie.com Send it to a telegram wallet on the network of your choice. I do it on SOL as it has the less fees. It will automatically be swapped for usdt and becomes "networkless" in your telegram wallet until you send it to someone or withdraw to another wallet. You can then withdraw/send on SOL/ETH/TRC20/TON networks. It's basically giving you a free token swap and network swap. You can buy on Paytrie with interact e-transfer but it does require KYC. Transactions are usually processed within the hour.

Grunblau

If you have a RH account, you can send USDC on Solana and then deposit to the bank or buy stocks… kinda hope that after clarity, my normie bank account will just get a USDC QR of its own.

darkstar541

Yo I traded USDC for USDC and made less than $100. I guess that's the same as getting scammed on a memecoin and losing 99% of my purchasing power. OP is straight up misleading.

Traditional-Ebb-8380

When you do still keep it safe or directly in the bank. A hacker took $66k from my Coinbase in USDC that was earning interest last year.

Bmjslider

I get 9% on my USDC and can withdraw at anytime.

lordm30

I already use a virtual mastercard from an exchange that lets me spend USDC. Works fine.

devCheckingIn

No. First because I wouldn't hold any USD in USDC when I can get interest on USD and can't get jack on USDC. Second, I get 4-5% cash back on credit card purchases so I would continue to use those.

Rare_Friend_6484

I'd maybe use it for groceries if the prices come out similar to card and there's no extra fees. already got some USDC sitting around not doing much so why not electronics is different though, for that I'd probably just hold. feels weird spending crypto on stuff that loses value fast what chain you thinking? if it's not on Solana or something cheap I wouldn't bother with it

NeonMaxi

Wats keeping the third world from using existing stable coins like USDC?

TCr0wn

No. That’s what my worthless dollars are for. Maybe USDT/USDC

Objective_Basil_8414

Basically yes. A peg is a promise that one token is always redeemable for one dollar. It doesn't hold by magic, it holds by arbitrage: if the token trades at $0.98, someone buys it cheap, redeems it with the issuer for a full dollar, pockets two cents, and that buying pressure drags the price back to $1. A depeg is when the promise stops being credible, usually because the reserves aren't really there or redemptions get frozen so nobody can run that arbitrage. The price then drifts to whatever the market thinks the claim is actually worth. UST went to roughly nothing that way in 2022. USDC dipped to about 87 cents in 2023 during the Silicon Valley Bank scare and snapped back once redemptions were guaranteed. So it's less "un-peg" and more "finding out the peg was a vibe the whole time."

Objective_Basil_8414

Because Bitcoin doesn't have a peg to break. A depeg is an issuer failing to honour a redemption claim: there's a company, a pile of reserves, and a promise that 1 token equals 1 dollar. Bitcoin has no issuer, no reserves and no promise, so there's nothing to un-peg. Its price is just whatever the last trade was. There is one grain of truth buried in there though, and it's about plumbing rather than value: a large share of global crypto liquidity is quoted in USDT and USDC, not actual dollars. If a major stablecoin imploded, order books would go haywire, exchanges holding reserves in it could go insolvent, and the number on the ticker would fly around violently for a while. That's a liquidity crisis, not a zero. Blocks keep getting mined every ten minutes no matter what Binance is displaying. Also "devalue the dollar so bitcoin goes to zero" has the arrow pointing backwards. If dollars buy less, everything priced in dollars goes up. The theory accidentally argues its own opposite, which is impressive work for one TikTok.

derondigital

He is indeed right, i can find a vault now for USDC on Solana that returns 8% up to 15%

NeonMaxi

I manage a private equity fund that that also own 40% of and it engages in investing strategies by participating in the defy ecosystem. The goal for us is not delta exposure to Bitcoin price so the strategies are not really what your asking but since you want to know about if anyone is doing this with a boring strategic approach, I think this counts. We deploy concentrated liquidity to exchange protocols like Uniswap. We target big volume pools with stable assets or assets that fit the risk profile of the fund. That is usually ETH, BTC, USDC that sort of stuff. Lately we are the top market making wallets on Robinhood chain because the volume there is so massive. The strategy is not about buying low and hoping for a higher sell in the future, rather it is about finding where the volume opportunity is TODAY and then participating in that TODAY. No directions bets. The capital gains and other tax commitments generated by that activity is then offset with neutral delta funding farming on short sold ETH and BTC collateralized in kind. Mostly on platforms like GMX, DYDX, or to a smaller amount Hyperliquid. The combination of those strategies give the fund a massive income (funding fees and fees payed for lp are income, not gains) and a substantial gain for the concentrated liquidity range realizing profits from asset appreciation. Those commitments are offset by the funding farming which also generates about 20% apy on its initial value. You can use your crypto wallet and do literally all that from your computer in your room in your undies.

cowboy_shaman

Seems like a lot of people don’t understand your funds need to settle. You can’t deposit fiat, buy crypto (even USDC) and then immediately withdraw. Crypto is fast. Fiat is not.

quintavious_danilo

Either use Stablecoins like USDC or Wise/Revolut of available.

TwinWake

Would it be the same in USDC? This wouldn’t happen in DJed Cardano’s stable coin.

derondigital

I agree, which is why I now just do staking because i'm unsure how to go about this. But when i was doing LPs it was mainly sol and usdc, I'd just create a specific wallet for it and don't look at the Impermanent loss. I stopped this LP when sol fell to $65 so i had all SOL and not much USDC, now sol is up $100 so it ended up working out for me. If you are doing LPs, i suggest going into pools where you don't mind if the asset fall. So since i'm a SOL holder, i didn't really care if SOL fell.

Fantomas4live

They did the same to me. Deposited 1500€, bought USDC, withdrawn half, went well. Initiated the withdraw of the second half, transfer hot blocked, crypto withdraw blocked for 90 days. Support didn't answer at all beside the auto reply with opening the ticket. Support on X was responsive, but couldn't help at all. After 3 weeks they didn't response either. After 29 days they finally cancelled the stuck tx, and I could withdraw to my bank account. Not a word from their support. Closed the account straight away. Fuck Kraken EU. Afaik they sold the EU/German side of business to a German holding, and it is pure shit. Never had happening something like this before in 10 years in crypto. Stay away from them, use OKX if in Europe.

derondigital

Wrong, there are actually crypto with Utility. BTC is the king, don't get me wrong. But trust me, if you decide to get deep into crypto, you will realize there is actually more to it. SOL is great, ETH is great. Just to name two, these tokens has utility and DApps on their blockchain that allows you to make greater investments and receive way better yields than a bank with stable coins such as USDC. You got to do some more research but yes, I love BTC and it's great for investing.

unpdigital

There are not so many new guys conquered by bitcoin, Most new crypto friends are now the stable coins, USDC and USDT, they make new friends due to local currency are being abused to inflict inflation on their people.

Ok-Leather3937

Yeah, PayPal is fine for buying BTC, but it gets clunky when you actually need to move crypto outside their ecosystem for business payments. We ended up looking at Inxy for the gateway side because it supports external-wallet payouts, hosted checkout, and USDT/USDC with the KYC/AML stuff built in rather than trying to force a consumer wallet into a payment stack.

faisal_yk26

Fair, I was thinking of the big fiat-backed ones like USDC and USDT where the yield comes from T-bills sitting in reserve. On-chain protocols work differently, that's a good correction. Though the Singapore rules are aimed at the fiat-backed issuers specifically, so the reserve question is the relevant one for this particular ban.

4-1Good-79

Leverag your BTC as collateral and borrow some USDC…. Live a little and don’t sell any of your BTC… buy more… wyla…lol

Chickensrock1977

It’s got a long road ahead to catch up to Tether and USDC

NimbleNido

One way around this is MetaMask 'Swap', which is able to use your USDC balance as gas through EIP-7702 (Smart Accounts). You could 'Swap' a few dollars of USDC to ETH, it'll deduct from your USDC balance as gas & a small fee for doing this, & you'll have ETH to move your funds as you want. Just a solution if you don't want to / can't send more funds to your account.

Laukess

If the wallet had contained the same dollar amount in USDC, would you have bought bitcoin with it?

Zarigis

USDC has the same restrictions. Dai and LUSD are probably the only major stable coins without such backdoors. USDS is borderline, because there is no backdoor but the contract is upgradeable.

TheVeloRebel

These exchanges really rip piss. So I paid a small fee to get rid of fees. Then the next time I cashed out they changed the exchange rate on USDC for dollar. I ended up paying more to cash some out. How the fuck can they even claim to be the next financial system with morals like that

CoinRabbitFinance

Hey! I don’t think this automatically makes existing public stablecoins obsolete. A bank consortium coin would probably be strongest inside regulated banking and settlement networks, while USDC and USDT already have broad distribution across exchanges, wallets, and crypto services. Integration will depend on the chains used and whether independent platforms decide to support it. CoinRabbit is a useful example of why distribution matters: a stablecoin becomes practical when people can hold, transfer, and use it within other financial products, not simply because a large institution issued it.

Grunblau

It’s working… I’d like to lighten my bag if it goes back over $100. Wish they would have announced a dividend. USDC will likely be a more lucrative choice for DeFi since the conglomerate is fighting paying normies interest.

shaunj72143

I did this with ZEC but that was completely a (very) happy accident. BTC (possibly eth) is the only fire and forget crypto...even then, I'd personally wait til the next catastrophic crash (like the FTX collapse) to buy in. Just collect USDC/USDT til the bottom is in. Buy BTC, write down your seed phrase, stick it in your gun safe/safe deposit box, check back in a decade. Otherwise you're just playing in the casino (not trying to be a dick, just relating my own mistakes/successes

moomar0077

Dealing with custodial lockouts or sudden platform changes is a massive headache when you're just trying to run a business. Moving our infrastructure to Inxy solved this because they are a fully licensed gateway, allowing us to automate USDT and USDC mass payouts via API for less than 1% in total transaction fees. It gives you proper corporate compliance controls so you don't have to risk your operations on standard retail crypto setups.

Unicorn0718

They said in another sub that they sent USDC on the wrong network

emelbard

Sounds like you sent the wrong kind of USDC or you sent it to the wrong chain. That can take years to fix - if ever.

bigdahualadka

Coinbase is most probably first place I'd check for straightforward transfer route , but etoro is also worth checking as another regulated option in France/EU. I'd just verify that the specific coins and wallet transfer functionally you need are available for French account before converting anything . I wouldn't swap everything into USDC first unless there's a specific reason to

Ill-Fly-2027

Most likely not the real ChangeNOW. You most likely got phisched or did on the wrong site. If ChangeNow was scamming people out of 3k USDC, im pretty sure it would be a bigger scandal. What you are not showing is where you initiated the transaction. Scam sites can look convincing and all their email ticket responses can appear it's coming from ChangeNow while it is not. Good luck to you!